1,195 Shares in Fiserv, Inc. (NYSE:FI) Bought by Fermata Advisors LLC

Fermata Advisors LLC acquired a new position in shares of Fiserv, Inc. (NYSE:FI) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 1,195 shares of the business services provider’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also modified their holdings of FI. Wellington Shields & Co. LLC purchased a new stake in shares of Fiserv during the first quarter worth $25,000. Family Firm Inc. purchased a new stake in shares of Fiserv during the second quarter worth $31,000. Clean Yield Group raised its holdings in shares of Fiserv by 431.3% during the third quarter. Clean Yield Group now owns 170 shares of the business services provider’s stock worth $31,000 after acquiring an additional 138 shares in the last quarter. ZRC Wealth Management LLC purchased a new stake in shares of Fiserv during the first quarter worth $32,000. Finally, Quarry LP acquired a new position in Fiserv during the fourth quarter worth $36,000. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fiserv news, COO Guy Chiarello sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $154.86, for a total transaction of $3,716,640.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at $25,350,427.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO Guy Chiarello sold 24,000 shares of Fiserv stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $154.86, for a total value of $3,716,640.00. Following the completion of the transaction, the chief operating officer now owns 163,699 shares in the company, valued at approximately $25,350,427.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frank Bisignano sold 145,000 shares of Fiserv stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $177.37, for a total transaction of $25,718,650.00. Following the completion of the transaction, the chief executive officer now owns 2,965,084 shares of the company’s stock, valued at $525,916,949.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 211,890 shares of company stock worth $36,572,057 over the last quarter. Company insiders own 0.75% of the company’s stock.

Fiserv Stock Up 1.3 %

FI stock opened at $190.35 on Friday. The company has a market cap of $109.59 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.85. Fiserv, Inc. has a twelve month low of $109.11 and a twelve month high of $191.23. The business’s 50-day simple moving average is $173.30 and its 200 day simple moving average is $159.90.

Fiserv (NYSE:FI) last announced its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.03. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.81 billion. Fiserv had a net margin of 17.45% and a return on equity of 16.41%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.81 earnings per share. On average, research analysts anticipate that Fiserv, Inc. will post 8.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley raised shares of Fiserv from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $154.00 to $175.00 in a research report on Monday, July 22nd. StockNews.com raised shares of Fiserv from a “hold” rating to a “buy” rating in a research report on Thursday, September 26th. Wells Fargo & Company increased their target price on shares of Fiserv from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. B. Riley increased their target price on shares of Fiserv from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Fiserv from $178.00 to $184.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Fiserv has an average rating of “Moderate Buy” and an average target price of $178.84.

Fiserv Company Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.